Mr. William Sheriff reports

ENCORE ENERGY ENGAGES NORTH STAR INVESTOR RELATIONS AND PROVIDES UPDATE ON DISTRIBUTION OF VERDERA COMMON SHARES TO ITS SHAREHOLDERS

EnCore Energy Corp. has engaged North Star Investor Relations Inc. to provide investor relations consulting services pursuant to a consulting agreement effective Sept. 18, 2026. North Star will support the company's investor relations activities, including shareholder outreach, capital markets intelligence, media communications and the co-ordination of press releases.

Under the consulting agreement, the company will pay North Star a monthly cash retainer of $10,000 for an initial term of one year. The consulting agreement may be renewed at the end of the initial term, to be mutually agreed upon between the company and North Star, and it may be terminated by either party upon 30 days of prior written notice. North Star is owned by Graham Farrell and has an office at 130 King St. W, Suite 1900, Toronto, Ont., M5X 2A2, and can be reached at graham@northstarir.ca. North Star and its principals are at arm's length to the company and, to the knowledge of the company, held no securities of the company at the time the consulting agreement was executed.

The provision of services by North Star under the consulting agreement is subject to TSX Venture Exchange approval.

Distribution of Verdera common shares

As previously disclosed on Sept. 15, 2026, the company set a record date for its distribution of 35 million common shares of Verdera Energy Corp. as a special dividend on Sept. 30, 2026, to shareholders of record on Sept. 25, 2026. The pro rata distribution of the distribution shares will result in the company's shareholders receiving approximately 0.18 of a distribution share for each common share of the company, subject to adjustment on the record date.

The distribution is subject to the completion of all necessary filings with, and receipt of all approvals from, Nasdaq Capital Market LLC and the TSX Venture Exchange.

About EnCore Energy Corp.

EnCore Energy, America's Clean Energy Company, is committed to providing clean, reliable and affordable uranium to fuel the rapidly expanding U.S. nuclear energy needs. EnCore's team is led by industry experts with extensive knowledge and experience in all aspects of uranium ISR (in situ recovery) operations and the nuclear fuel cycle. EnCore exclusively uses ISR for uranium extraction, a minimally invasive, eco-friendly and economically competitive mineral extraction technology co-developed by EnCore's leadership.

Building on EnCore's demonstrated and continuing success in south Texas, future projects in EnCore's planned project pipeline include the expansion of Alta Mesa to include the Alta Mesa East property, the Dewey Burdock project in South Dakota and the Gas Hills project in Wyoming. The company holds other assets, including non-core assets and proprietary databases. EnCore is committed to working with local communities and indigenous governments to create positive impacts from corporate projects.

We seek Safe Harbor.